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Which of the following is true about conflicts of interest?

Which of the following is true about conflicts of interest?

A: A financial dimension must be present in order for it to be a conflict of interest.

B: Conflicts of interest increase the likelihood of bias.

C: A project must be funded by an external source in order for any conflicts of interest to be present.

D: Researchers are not permitted to have any conflicts of interest.

Answer:

The correct answer is option B.

Which-of-the-following-is-true-about-conflicts-of-interest?
Which of the following is true about conflicts of interest?

Explanation:

Conflicts of interest increase the likelihood of bias.

Conflict of interest:

Conflict of interest refers to a situation when a person has the power to make a particular decision from which he or she gets to have some particular benefit. Therefore, it always results in the scope of bias.

It leads to a bias situation because if a person has a certain power in a field, he may use his influences for the loss or benefits of others. Therefore, it can increase the likelihood of bias in a situation. Hence the correct option is B.

A conflict of interest arises in a situation where two competing interests occur for an individual. Sometimes, the interests of public duty came into competition with private duty.

Conflicts of interest may be financial or non-financial interests of the staff member. It can be the interests of a business partner and associate or the interests of a family member, friend or person in a close personal relationship with the staff member.

 

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